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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationOwner-Occupied Buying Strategies
Account Closed's profile image
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Account Closed
  • Specialist
  • from Cincinnati, OH
  • Member since May 11, 2014
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Specialist
  • from Cincinnati, OH
  • Member since May 11, 2014
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Account Closed
  • Specialist
  • Cincinnati, OH
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Tax, SDIRAs & Cost Segregation

Owner-Occupied Buying Strategies

Account Closed
  • Specialist
  • Cincinnati, OH
Posted Jun 10 2014, 05:29

I'm new to REI but I currently own an LLC that I'm using to fix and flip REO properties.

I'd like to begin buying & holding for passive income as well.

I've read that a lot of people take advantage of FHA or Homepath loans to purchase Duplexes/ Triplexes/ Quads, live in one of the units, and rent the remaining.

My question is, would I be able to take advantage of these "owner occupied loans", live in the property for a year, then sell the property to my LLC, and repeat this process every year?

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